Reopening of more sectors under MCO 2.0 reduces daily losses - minister

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The reopening of more economic sectors under the second phase of the movement control order (MCO 2.0) has succeeded in reducing the country's losses to RM300 million a day compared to RM2.4 billion a day during the MCO 1.0.Finance Minister Tengku Zafrul Abdul Aziz said the MCO 2.0 allowed more economic sectors to operate than the previous one to balance between the health of the people and economic pressures.“During the first MCO, our country suffered a loss of RM2.4 billion a day and if it is implemented continuously, surely our country's economic system, including the public health system, will paralyse," he said in his opening remarks at the virtual 25th Revenue Day of the Inland Revenue Board (IRB) today.He also said that the country has managed to limit the number of deaths due to Covid-19 to a 0.3 percent ratio, or in the lowest 5.0 percent category globally…